Futures Lower But Off The Recent Lows

February 11, 2016
In After Hours Trading

IPOs on deck Avexis (AVXS) and Proteostatis Therapeutics (PTI). Secondaries on deck today ESRT FNV.In After Hours Trading: CSCO +.03 FLO -.04 FMC +.14 MYL -.06 WFM +.06.

Lower Guidance: FMC.

What's Happening This Morning

U.S. futures: S&P -30.25, Dow Jones -279, NDX -77 and Russell 2000 -16 with fair value lower. Japan and most of Asia lower, China closed for Chinese New Year still but Hong Kong Open and Europe lower.Copper lower with silver and gold higher. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield at 1.58% yield -16, one month change -56 and -40 one year change. Prices as of 7:55 a.m. EDT.

Top Sectors Healthcare and Technology.

Weak Sectors Basic Materials and Conglomerates.

One month winners Utilities.

Three Month Winners Utilities.

Six Month Winners Utilities.

One Year Winners none of note.

Year To Date Utilities.

Earnings ExpectedEarnings due after the close (by avg. trade volume): AIG ATVI CBS RSG VRSN HE FEYE.Due Friday morning (by avg. trade volume descending): BAM VTR IPG XRAY BPL.

Rags & Mags: Inside Wall Street

Bloomberg: Hong Kong opened after being closed for a week and got off to its worst start post the Lunar New Year since 1944. Bond yields are now at a record low. Sweden cut interest rates overnight, -0.50%. Gold stocks continue to rise.

Reported Earnings This Morning

Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): ALU +.09 DBD +.10 HUN +.30 INCY +.20 LPX +.04 SHPG +.11 TEVA +.04 TRIP +.12.Current Morning missing: None of note.